| |
|
|
|
| |
|
|
 |
In IBM's most important product announcement since the System/360 in 1964, the IBM System/370 is introduced. Able to run System/360 programs, the System/370 is one of the first lines of computers to include "virtual memory" technology, a technique developed in England in 1962 to expand the capabilities of the computer by using space on the hard drive to accommodate the memory requirements of software.
|
|
|
The System/370 Model 145 is the first general-purpose business computer to use monolithic circuits in all memory and logic functions, and uses semiconductor technology rather than magnetic cores.
|
|
|
|
The concept of a relational database, first published in a paper by an IBM researcher, calls for information stored within a computer to be arranged in easy-to-interpret tables so that non-technical users can manage and access large amounts of data. Today, nearly all database structures are based upon the relational database concept.
|
|
|
|
Arthur K. Watson, vice chairman of IBM board and chairman of the board of IBM World Trade Corporation, resigns to become U.S. Ambassador to France.
|
|
|
Also introduced are the IBM Copier, the company's entry into the photocopy business, and a sensor-based System/7 for process, manufacturing and laboratory applications. In addition, IBM launches a low-cost System/3 Model 6, with the ability to process standard ledger cards and switch easily from business applications to complex mathematical problem solving.
|
|
|
IBM computers in Houston assist flight controllers in the dramatic rescue of the Apollo 13 astronauts.
|
|
|
IBM research scientists use electron beam to make electronic components.
|
|
|
|
|
|
| |
Employees |
269,291
|
|
 |
| |
Stockholders |
586,786 |
|
|
|
|
| |
Revenue |
$7.5 B
+ 4 % |
|
|
| |
Net earnings |
$1.01 B
+ 8 % |
|
|
|
|
